# Polar Semiconductor receives $120M CHIPS grant for Bloomington expansion

Polar Semiconductor will receive up to $120 million in federal funding under the CHIPS and Science Act to expand its Bloomington, Minnesota manufacturing facility, potentially doubling U.S. production capacity.

- Type: Expansion
- Announced: 2024-05-13
- Where: Bloomington, Minnesota, United States
- Value: $120.0M
- Status: announced
- Capacity: double US production capacity of sensor and power chips within two years
- Products: high-voltage semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)
- [US Department of Commerce](https://endata.com/companies/76815.md) (partner)

## Sources

- [klobuchar.senate.gov](https://www.klobuchar.senate.gov/public/index.cfm/2024/5/klobuchar-announces-major-federal-investment-for-polar-semiconductor-s-bloomington-manufacturing-facility), 2024-05-13: "Polar Semiconductor will receive up to $120 million in federal funding as part of the CHIPS and Science Act to expand its Bloomington manufacturing facility."
- [reuters.com](https://www.reuters.com/technology/polar-semiconductor-set-gain-us-government-grant-120-million-2024-05-13/), 2024-05-13: "Polar Semiconductor is set to receive a $120 million U.S. government grant to expand its plant in Minnesota."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.